|Alberta! Apparently lots of people live there? Who knew!|
There's plenty of evidence in the states that putting a price on carbon pollution is great for state budgets without hurting state economies. California's carbon cap and trade system raised $850 million last year. Business Insider recently ranked California's economic growth second-fastest in the US, so cap and trade is not exactly crippling its economy.
In the Northeast, the Regional Greenhouse Gas Initiative just raised $85 million in its second auction of 2015. It raised $82 million in the first auction, meaning it's on pace to raise in the neighborhood of $330 million for the year, and continuing to prove that carbon cap and trade works really, really well.
Note that Gov. Chris Christie (R-NJ) pulled New Jersey out of RGGI, and now the state is having to raise taxes to make ends meet. I bet New Jersey could use those millions in easy money right about now.
Imagine how much in revenue Congress and other states are leaving on the table? It’s crazy.